I’ve spotted this property on one of the property portals this morning, it’s located on Grundy Street in Heaton Mersey currently being marketed with Joules Estate Agents and would be a great potential buy-to-let property.
It’s located just up the road from the new Metrolink station which has had a significant impact on the local lettings market with property letting extremely quickly and achieving a premium in rent. You’re likely to attract professional tenants who often rent long term, our average tenancy is around 18 months at the moment.
I couldn’t let the day pass without posting this property for you all to see, just in case it gets snapped up quickly!
The property is very nicely presented and looks as though it would appeal to a lot of potential tenants. It’s a ‘ready made’ investment on the market with Reeds Rains with an asking price of £110,000 and you could be looking at a rental income of £600 pcm which generates a potential yield of 6.5% gross.
These properties in The Heatons are really quite popular little units, there is always demand from tenants for them and the return is well above the average in the area. If you would like to have a chat about the property market and buying to let, feel free to pop in for a coffee.
Hi everyone, thought I would point this property out to you. I came across it in my daily trawl of the property websites and thought it looked interesting. It is located on Churchill Street in Heaton Norris, not too far from Asda and has come on the market with Julian Wadden.
It is a lovely example of a house in this area, quite modern and a decent size throughout with the added benefit of a cellar currently being used as a sitting room. All good benefits for potential tenants. The asking price is £120,000 which is consistent with other properties in the area. Have a look at the details on Rightmove….
Hello potential landlords, I was looking at what properties have come to the market recently which are suitable for buy to let and I came across this little gem. This apartment is situated right in the heart of Heaton Moor village and is considered one of the more desirable blocks and attract young professionals.
The asking price is £185,000, when you look at the rent you can expect to achieve it’s in the region of £850-£895 per calendar month so you could be looking at a yield of circa 5.8%. This is of course before you take into account any service charges or ground rents, so make sure you get this information from the agent before diving in.
I thought this property I spotted on one of the property portals is worth a mention. It terms of its conditions it looks immaculate and is a really good example of a property well-presented achieving a good price for both sales and letting.
This type of property which is located on Didsbury Road, a stones throw from the new metro link station would appeal to a wide range of tenants, from families to sharers and young professionals. Families tend to let for longer periods of time whilst sharers may pay a higher rent as the cost is shared. In terms of rent, you could expect to achieve around £1150pcm which is a yield of 5.5% which considering the purchase price is a good return.
This two bedroom apartment on with Gascoigne Halman looks like it’s had some updating done throughout the years, which will save you a job if you decide to buy it.
As mentioned in previous blogs The Heatons is a popular spot for renters, a little further away from the centre of Stockport and on the doorstep of some fashionable bars and great transport links.
This apartment has come on the market with an asking price of £150,000, which seems reasonable. Considering you’d be looking at an asking rent of about £695 per calendar month, this would return a yield of almost 6%.
Its worth checking what the service charges and ground rent are before committing to the purchase as these can eat into your annual yield.
Good morning everyone, I’ve seen another property on with Gascoigne Halman which appeals to a lot of my landlord investors so I thought to share it with you all.
It looks to be a nice, tidy property, well presented and looked after and has been reduced in price recently.
They’re asking £115,000 which in my opinion represents good value for money for a propery which requires little to no work before letting out. You can expect to achieve around £600 per calendar month, the yield works out at circa 6.2% which is higher than the average yield in the area.